Analysts Set Fiverr International Ltd. (NYSE:FVRR) Price Target at $31.30

Fiverr International Ltd. (NYSE:FVRR) has received a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $31.30.

Several equities analysts have commented on FVRR shares. Needham & Company LLC reissued a “buy” rating and set a $36.00 target price on shares of Fiverr International in a research note on Wednesday, July 31st. UBS Group cut shares of Fiverr International from a “buy” rating to a “neutral” rating and lowered their target price for the company from $37.00 to $25.00 in a research note on Tuesday, July 2nd. Roth Mkm reaffirmed a “buy” rating and issued a $32.00 price objective (up previously from $30.00) on shares of Fiverr International in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group lowered their price objective on shares of Fiverr International from $44.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Engine Capital Management LP boosted its holdings in shares of Fiverr International by 2.7% in the second quarter. Engine Capital Management LP now owns 814,294 shares of the company’s stock worth $19,079,000 after buying an additional 21,144 shares during the period. Van ECK Associates Corp grew its position in Fiverr International by 18.4% during the second quarter. Van ECK Associates Corp now owns 14,183 shares of the company’s stock valued at $332,000 after purchasing an additional 2,208 shares in the last quarter. ARK Investment Management LLC grew its position in Fiverr International by 27.1% during the second quarter. ARK Investment Management LLC now owns 109,586 shares of the company’s stock valued at $2,568,000 after purchasing an additional 23,335 shares in the last quarter. Swedbank AB purchased a new position in Fiverr International during the first quarter valued at approximately $400,000. Finally, California State Teachers Retirement System grew its position in Fiverr International by 9.5% during the first quarter. California State Teachers Retirement System now owns 35,529 shares of the company’s stock valued at $749,000 after purchasing an additional 3,095 shares in the last quarter. 59.00% of the stock is currently owned by institutional investors and hedge funds.

Fiverr International Stock Down 0.2 %

FVRR stock opened at $24.87 on Friday. The company has a quick ratio of 3.17, a current ratio of 3.17 and a debt-to-equity ratio of 1.44. Fiverr International has a fifty-two week low of $18.83 and a fifty-two week high of $31.61. The firm’s 50-day simple moving average is $24.15 and its 200 day simple moving average is $23.02. The stock has a market cap of $961.32 million, a PE ratio of 113.05 and a beta of 1.70.

Fiverr International (NYSE:FVRR) last released its earnings results on Wednesday, July 31st. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm had revenue of $94.66 million for the quarter, compared to analysts’ expectations of $94.69 million. Fiverr International had a net margin of 3.17% and a return on equity of 5.67%. As a group, sell-side analysts predict that Fiverr International will post 0.57 EPS for the current year.

Fiverr International Company Profile

Fiverr International Ltd. operates an online marketplace worldwide. Its platform enables sellers to sell their services and buyers to buy them. The company's platform includes various categories in ten verticals, including graphic and design, digital marketing, writing and translation, video and animation, music and audio, programming and tech, business, data, lifestyle, and photography.